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by maxerickson 3535 days ago
That basic math illustrates things nicely but hides the real picture.

There's about 2 million people working in agriculture and 1 million working in mining in the US:

http://www.bls.gov/emp/ep_table_201.htm

And about 5 million working in the energy industry:

http://energy.gov/articles/doe-releases-first-annual-nationa...

Our widgets are built by machines.

This too is a facile picture of the situation, but our material abundance isn't particularly under threat from contraction of the work force.

2 comments

150 years ago, 90% of Americans worked in agriculture. Today 2% do and we are better fed. Population growth or shrinkage cannot match productivity technology as the key factor in material quality of life.

Countries with falling populations will just need more robots. Mass immigration isn't going to help, but this is one of those problems easily solved with tech.

What you're talking about is the economic concept of "labor productivity". If we can use factories and automation to create the same amount of stuff with fewer people, then our productivity will rise. If it rises fast enough, then we could have more stuff per person even with fewer people working. Problem solved!

Except: Productivity growth has historically never been high enough to bail us out of the hole we're in, and it has been trending down in recent years for reasons we don't fully understand.

> our material abundance isn't particularly under threat from contraction of the work force.

I wish!

I'm not talking about productivity growth at all, I'm pointing out that economic productivity is not evenly distributed throughout the economy. Losing 10% of farm acreage would be a disaster for quality of life. Losing 10% of fastfood stores would barely matter.